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looking to rebound after the dow posted its worst weekly drop in a year. tech leading the way lower. apple fell 9% last week. worries about iphone demand prompted investors to look at it. apple lost $300 billion in market value since last september. well, the senate may vote on a bill to let states collect sales tax on all online purchases and they've been recruiting users to rally against the measure and gas prices could drop another 20 cents by memorial day. it is due to the falling oil prices and continued weak energy demand. good news for drivers looking to hit the road. betty. >> may be time for a road trip then. >>> thank you. >>> other stories, traveling by air, first day with a 10% slash to the air traffic controller workforce. it's part of the sequester. delays were mostly non eexisten on thursday except for waits around new york and los angeles but the real test begins today. the furloughs last through september and are expected to save 200 million bucks. >>> the u.s. is going after china on cybersecurity and "wall street journal" reports that they're considering several aggressi
congress does something about it, unlikely they will given the mood up there right now. >>> apple by the way, is reporting its quarterly earning with very low expectations. dan is joining us now. what exactly is there problem? >> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon creating great products. we'll be watching the earnings and the guidance. wolf. >> we'll see what happens with apple. >>> coming up, a nike t-shirt with the words boston massacre stayed on sale for days after the bombings. we'll tell you what they're doing about that coming up. ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and reco
is just -- pretty damn radical and dramatic from net scape to yahoo! to google to facebook to apple. is apple up or is apple down. how are you guys doing? what's next for google? >> what's next is what's next for the last year, which is the shift to mobile. what we see every quarter in our business is we see more and more people moving to mobile phones and mobile tablets an moving away from personal commuters and macs. you see this in the industry. so the tools and techniques for mobility are just getting better. there's a whole new generation of companies and applications which are mobile first or mobile only you'll carry around. these application will make your life better. some will be from google, some will be from competitors. fact of the matter is we're all becoming much more reliant on these devices. >> isn't that remarkable. i'm sure you're 99% mobile, mr. space age whiz kid. but even i, at 50, i look at this thing now -- like it is the edsel. >> it's heavy. >> i never carry that on the plane. i've now got my ipad. we're playing with the surface as well. it is lighter, it ca
airports again. from los angeles, with more than three-hour delays overnight, to denver, to the big apple. new york's three airports at one point averaging three-hour delays. >> a little frustrating, especially at 3:00, 4:00 in the morning. >> reporter: some of the delays were weather-related. among the three-hour delays, the new york to washington, d.c. shuttle. not to rub salt in anyone's wounds. but the train would have gotten them there faster. >> because of sequestration, the line to take off was over an hour long. >> reporter: the faa is blaming the delays on across-the-board budget cuts which, it says, forced it on to furlough 15,000 air traffic controllers and other workers and were spacing out flights in the name of safety. several hundred flights delayed, less than the agency's prediction of 6,700 daily flight delays. but transportation secretary ray lahood warns abc, we might see an airplane apocalypse yet. >> we did not take into account weather activities. these delays could get extended beyond the 60 to 90 minutes. >> reporter: late monday, i decided to investigate the delay
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